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NotANaziIWasJustBornIn1988

Mommykink

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Joined 2 years ago
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Cake day: June 11th, 2023

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  • NigahigaYT@lemmy.worldtoLemmy Shitpost@lemmy.worldPanic! on the trade floor
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    4 days ago

    Says who? Billionaire investors and regulators for a newly-elected President who saw an imaginary red line go up for two consecutive quarters? “Peace for our times.” The '08 crash was (is) massive and will be the defining event of the 21st century for future historians. Literally nothing but WW3 could overshadow it’s legacy.

    Notice how the “timeline” section doesn’t end with “and then everything went back to normal in June 2009.” Tens of trillions of dollars evaporated overnight.

    Wikipedia | 2008 Financial Crisis

    Selections:

    2011: Median household wealth fell 35% in the U.S., from $106,591 to $68,839 between 2005 and 2011.

    2014: A report showed that the distribution of household incomes in the United States became more unequal during the post-2008 economic recovery, a first for the United States but in line with the trend over the last ten economic recoveries since 1949.

    2017: Per the International Monetary Fund, from 2007 to 2017, “advanced” economies accounted for only 26.5% of global GDP (PPP) growth while emerging and developing economies accounted for 73.5% of global GDP (PPP) growth.











  • FWIW the Panopticon has been used metaphorically before.

    From Wikipedia (I’d recommend reading the whole Criticisms and use as Metaphor section):

    In the mid-1970s, the panopticon was brought to the wider attention by the French psychoanalyst Jacques-Alain Miller and the French philosopher Michel Foucault.[30] In 1975, Foucault used the panopticon as metaphor for the modern disciplinary society in Discipline and Punish. He argued that the disciplinary society had emerged in the 18th century and that discipline are techniques for assuring the ordering of human complexities, with the ultimate aim of docility and utility in the system.[31] Foucault first came across the panopticon architecture when he studied the origins of clinical medicine and hospital architecture in the second half of the 18th century. He argued that discipline had replaced the pre-modern society of kings, and that the panopticon should not be understood as a building, but as a mechanism of power and a diagram of political technology